A much-followed crypto analyst thinks the world is finally beginning to realize the importance of crypto assets.
Crypto trader Michael van de Poppe tells are 660,100 Twitter followers that as Europe prepares to launch a Bitcoin (BTC) exchange-traded fund (ETF) later this month, the world is moving towards crypto.
“Bitcoin ETF in Europe is launching this month.
Not only the US is accelerating, but we are finally getting one in Europe as well.
We are waking up to Crypto more and more.”
Delving deeper into the king’s crypto, Van de Poppe say BTC can go up to $38,000.
“Bitcoin is at $30,200 and will most likely start looking at range high again.
One more test and we’ll quickly break through to $38,000.
Although the trader admits that BTC could potentially drop below USD 30,000 temporarily thinks BTC is about “flying” to reach highs, with altcoins like Litecoin (LTC) joining in.
“Bitcoin Ready to Break Up.
Back to support, all liquidity taken (and honestly, if we drop below $30,000, we’ll go to $29,300, but that seems like an overflowing trade.)
Back above $30,500 and we’re flying into range highs and things like LTC should take off.
BTC is trading at $30,827 at the time of writing, up 1.4% over the past seven days.
Taking a look at LTC, the crypto strategist thinks Litecoin is inevitably on its way up.
“The markets are turning.
Let’s continue with Litecoin.”
LTC is worth $101.58 at the time of writing, up 6.4% in the past 24 hours.
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Featured image: Shutterstock/WindAwake
